Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company  (IRA LLC) must be utilized.

I'm currently focused on 2-4 unit, buy & hold rentals in the Dayton, OH area, with the ultimate goal of building an income generating portfolio that allows me to say goodbye to my career in financial planning & analysis.BP is an incredible resource, and I look forward to connecting with other like-minded individuals! 

This can result in significant tax savings.If an IRA has rental losses, the IRA is generally not paying tax so there is no tax to shelter.If an individual has rental losses, there is an opportunity to shelter other income, including W-2 or business income, from income tax.

I'd be happy to assist.

Maybe a alts a lender or hml lender could assist here.

The note is individually owned, so no worries on that yet. 

Morning everyone,I’m looking to relocate to Arizona and am in search of either a Property Manager or Assistant Property opportunity.

They think that is disruptive for families to have to find new housing on very little notice, which is especially hard if you have to rely on Section 8 for assistance. 

Like signing up for elance or upwork where you can do writing, blogging, assistant work in real estate, etcMany in this business are wholesaling and driving for dollars on the side, in the areas they plan on investing in. 

It doesn't take much for tenants to have rights violated so it's always best to have assistance from an attorney or this could drag out for months.